Lloyds TSB....Unbelievable

[Endsmeet]

Have you ever seen something as crazy as this, talk about LTSB planning for the/their future:

http://www.mirror.co.uk/news/top-storie ... -20704609/

[Emily]

This is old news.Its a debit card so it ain't that bad as there is no credit...

[Endsmeet]

I don't think thats really the point, its a visa card which can be used anywhere, Internet or some of the more unscrupulous retailers which can also lead it card cloning etc.

I'm all for children learning the 'ways of the world' concerning money and budgeting for what they want etc but to introduce them to visa, debit cards or prepaid cards I think is wrong IMHO

I don't want my children walking around with any type of card in their pockets, what happened to pocket money ???[:0]

[zoe]

I agree Endsmeet!!!
Emily in the eyes of the bank a debit card is still seen as credit - they will not give one out to people who have been made BR!!!

[Viki.W]

Jeez, I was still playing with my Sindy dolls when I was eleven![:I]

[Endsmeet]

If its the same one that I had with LTSB (and I think it is), car hire firms etc accept it as a credit card.

Not that kids would hire cars out anyway[;)]

At the end of the day, would anyone let their 10yr old go out with your own personal card, after all its only a debit card ?

[Endsmeet]

My kids (10,11 and 13 yrs) have all got accounts which we put their xmas and birthday money into, they have all got 'cash cards' which gives 'ME' access to the money.

No way would I let them have the card and to think that they may get a Visa debit thru the post without my knowledge is scary.[:0][:0]

[Skippy]

I agree - if I had kids I wouldn't even be happy with them having a pre paid card as I wouldn't want them thinking that plastic is the norm.

[Endsmeet]

Jeez, I was still playing with my Sindy dolls when I was eleven![:I]

And action men....[:I]

Whats next?
Kids with expensive mobiles phones, blackberrys, pdas, laptops, loads of channels on the telly, MSN, facebooks and the like....[;)][:0][;)]

[Skippy]

It's a shame kids have to grow up so quickly these days. I'd hate to be a kid now.

[angela18]

has this not been a thread a few months ago.. my daughter would think all her birthdays had come at once.. she never spends her pocket money as she can see the cash.. think would be a totally different ball game with it on a card

[tori]

ive just read about this in the paper & its an absolute disgrace.i still think that 18 is too young for people to be able to start using credit.i was offered my 1st credit card at the age of 18 & although im not thick or stupid,i didnt know the 1st thing about apr's or how to manage credit,& that was the start of my great big slide down the slippery slope to debt.so whats the point of introducing financial planning lessons into schools,only for banks to then send out visa cards to kids as young as 11?![:(!]

[kallis3]

My daughter went out and bought herself a laptop when she was 18 and got credit easily.

When I was 19, the first expensive thing I ever bought was a car on HP, and my dad had to be guarantor!

[Kazzy E]

I think I was the one who posted about this originally about three months ago. I was informed that my son was going to be issued with a debit card and I had the option to cancel it before it was sent out. I completely forgot about it and then one day it arrived. Since then, it has been in my purse and my son only asked for it this week when he wanted to order a pro skateboard off tinternet. He was very sensible about it though, I must say. He knew he didn't have enough money in his account to cover the cost, so promptly went down to his bank to pay some money in. He then came home and ordered it online. He rang today to track the delivery and found it will be delivered tomorrow. I now have mixed feelings about it, I was initially very worried about it as I could only see it leading to problems, but he has been really sensible with it. Lets face it, it'll only be four years until he goes to Uni (hopefully), so if it helps him to organise his finances now, then perhaps there may be some hope for him as a student in the future. Kazzy x

[janderson]

Hi All

Anything LTSB does does not surprise me at all, I think they are the worst bank on the high street, they have been the biggest pain wit us over our financial probs. We were with them for jointly some 30+ years and now I would not reccomend them to a dog. We approached them for help, they had supported us before with consolidation loan etc, this time it was nowt we can do go to the CAB. Now they are the biggest pain with constant calls and hassle.

I would urge people to close accounts and move to another bank. On that note is it not alos time that we the customer forced these institutions to do what we want not them forcing us all the time?.

Thanks for reading my rant, as you can see I hate LTSB.


John[xx(]